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Business Word/Phrase of the Day

word-phrase-descEvery day we publish a business word or phrase together with audio pronunciation, phonetics, definition and example sentences. This is a great way to improve your workplace vocabulary as well as your pronunciation. To receive 'Business Word/Phrase of the Day' by email, just subscribe to our newsletter from the link above. 

EXCESS ɛksɛs

20 Mar 2024

Noun

  • a part of the cost of an accident, injury, etc. that you agree to pay yourself when you buy insurance:
Example Sentence: Cover would cost £239 a year with a £75 excess, or £215 a year with a £250 excess.

 

 

LOBBY lɒbi

20 Feb 2024

Noun

  • a room in the hotel, usually close to the main reception, for relaxing, including comfortable chairs and sofas.
Example Sentence: I’ll meet you in the lobby of the Sheraton Hotel at 9pm.

 

 

DESTINATION dɛstəˈneɪʃən

20 Jan 2024

Noun

  • the place someone is travelling to.
Example Sentence: Our final destination today will be a restaurant on the beach for a sunset dinner.

 

 

UNDERCUT ʌndərˈkʌt

20 Dec 2023

Verb

  • to charge less than a competitor.
Example Sentence: They have reduced their price to undercut their rivals.
 

CHANGE HANDS tʃeɪndʒ hænds

20 Nov 2023

Phrase

  • to pass to a different owner.
Example Sentence: The company changed hands for $150 million.
 

PERFORMANCE pərˈfɔrməns

20 Oct 2023

Noun

  • how well somebody/something does something.
Example Sentence: The company's performance has improved in recent months.
 

UNIQUE SELLING POINT  

20 Sep 2023

Phrase

  • A feature of a product which makes it different from the rest.
Example Sentence: It's Unique Selling Point is that it is waterproof, unlike the others.
 

MARKETING MIX mɑrkɪtɪŋ mɪks

20 Aug 2023

Noun

  • the combination of marketing strategies a company uses.
Example Sentence: It's important to get the right marketing mix.
 

BRISK brɪsk

20 Jul 2023

Verb

  • quick and lively.
Example Sentence: Business has been brisk this morning; we've sold 500 units already.
 

TAKEN IN teɪkən ɪn

20 Jun 2023

Phrasal Verb

  • believe.
Example Sentence: She was completely taken in by the man's story.
 

CATCH UP kætʃ ʌp

20 May 2023

Phrasal Verb

  • reach same point.
Example Sentence: I've been on holiday and need to catch up with the latest developments.
 

RETAIL OUTLET riteɪl aʊtlɛt

20 Apr 2023

Noun

  • a place where products are sold to the public.
Example Sentence: They have retail outlets all over America, Europe and Asia.
 

BOOST bust

20 Mar 2023

Verb

  • to give extra energy or increase something, such as sales.
Example Sentence: They're hoping that the new ad campaign will boost sales.
 

SADDLED WITH DEBT  

20 Feb 2023

Phrase

  • to be burdened with debt.
Example Sentence: Our company is saddled with debt and must do something about it quickly.
 

IN THE LONG RUN  

20 Jan 2023

Phrase

  • over a long period of time.
Example Sentence: The company has been losing money recently but in the long run they should be ok.
 
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